Wall Street brokerages forecast that Starwood Property Trust, Inc. (NYSE:STWD) will announce earnings per share (EPS) of $0.52 for the current quarter, Zacks reports. Two analysts have made estimates for Starwood Property Trust’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.53. Starwood Property Trust reported earnings of $0.54 per share during the same quarter last year, which would indicate a negative year over year growth rate of 3.7%. The firm is expected to announce its next earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Starwood Property Trust will report full-year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.80 to $2.12. For the next fiscal year, analysts anticipate that the company will post earnings of $2.15 per share, with EPS estimates ranging from $2.08 to $2.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Starwood Property Trust.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.24). The business had revenue of $310.50 million during the quarter, compared to analyst estimates of $302.52 million. Starwood Property Trust had a return on equity of 10.53% and a net margin of 30.74%. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS.
STWD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. BTIG Research initiated coverage on shares of Starwood Property Trust in a research report on Tuesday, February 26th. They issued a “buy” rating and a $25.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Starwood Property Trust currently has an average rating of “Buy” and an average price target of $24.25.
A number of institutional investors have recently bought and sold shares of STWD. Norges Bank purchased a new position in Starwood Property Trust during the 4th quarter worth approximately $45,527,000. Vanguard Group Inc grew its position in Starwood Property Trust by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 24,057,993 shares of the real estate investment trust’s stock worth $517,728,000 after purchasing an additional 749,886 shares in the last quarter. Rhumbline Advisers grew its position in Starwood Property Trust by 6.3% during the 4th quarter. Rhumbline Advisers now owns 245,832 shares of the real estate investment trust’s stock worth $4,845,000 after purchasing an additional 14,532 shares in the last quarter. Advisors Asset Management Inc. grew its position in Starwood Property Trust by 15.4% during the 4th quarter. Advisors Asset Management Inc. now owns 48,144 shares of the real estate investment trust’s stock worth $949,000 after purchasing an additional 6,429 shares in the last quarter. Finally, Kovack Advisors Inc. grew its position in Starwood Property Trust by 11.2% during the 4th quarter. Kovack Advisors Inc. now owns 41,968 shares of the real estate investment trust’s stock worth $827,000 after purchasing an additional 4,221 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.
Starwood Property Trust stock traded up $0.13 during mid-day trading on Friday, hitting $22.92. The company’s stock had a trading volume of 1,073,122 shares, compared to its average volume of 1,288,217. The company has a debt-to-equity ratio of 2.27, a quick ratio of 3.14 and a current ratio of 3.14. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 10.86 and a beta of 0.57. Starwood Property Trust has a twelve month low of $19.16 and a twelve month high of $23.20.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.48 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.92 annualized dividend and a yield of 8.38%. Starwood Property Trust’s dividend payout ratio (DPR) is 91.00%.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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